100%

funded

Total loan: $225

Medarda

Frankfort, Bumbaran, Lanao del Sur, Lanao Del Sur, Philippines / Retail

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A loan helped To purchase additional products to sell.


Medarda's story

Medarda H. is from the village of Francfort, Bumbaran, South Cotabato. She is 48 years old. Medarda is married and has 4 adult children. To make a living, Medarda owns & operates a business venture in the retail sector running a sari-sari (variety) retail shop, selling both food & daily use products in the local community. Medarda has been engaged in her business for over 6 years and earns approximately 10,000 PHP a month for these activities. In 2009, Medarda joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Medarda has successfully repaid a previous loan of 7,000 PHP from HSPFI. This previous loan was used to purchase additional inventory & working capital. Medarda is requesting a new loan of 10,000 PHP which will be used to purchase additional products to sell. This will be the 5th loan taken out by Medarda from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family. About HSPFI: HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching out to the poor households of Northern Mindanao. *Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, we created this template for our field staff to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.